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BNP puts Romanian at the helm of Cetelem
France-based Cetelem, the largest consumer finance provider on the Romanian market, have appointed a Romanian at the helm of local operations, after the business was in the hands of an expat for several years. The new CEO of Cetelem is Daniel Boaje, former dep...
Aggressive battle for retail puts Piraeus among top ten banks
The Greeks at Piraeus Bank have become one of the top ten banks on the market in terms of assets, with 4.1% share of the market, while ING Bank slipped out of the top ten, reveals a ranking...
Astra takeover puts Uniqa among leading players
Austrian Uniqa Group is waiting for the approval of the Insurance Supervision Commission to complete the takeover of Astra Asigurari, where it holds 27%. "Uniqa secured the approval of the C...
Brussels puts off competition verdict on Erste-Vienna Insurance deal
The European Commission has extended until June 17 the preliminary examination period for a 1.4 billion-euro transaction that will see Erste Bank, the majority shareholder of the BCR, sell i...
Interbrands puts Bucharest and London flotation on hold
Interbrands, the largest FMCG distributor on the market, which took the first steps towards floatation on the Bucharest and London Stock Exchanges, has decided to put the move on hold due to...
Erste puts Barclay banker at the helm of BCR
The Austrians at Erste Bank are preparing to appoint a new CEO at BCR - Belgian Dominic Bruynseels, who will replace interim CEO Manfred Wimmer who took over the position in December 2007. B...
Cadbury puts Kandia-Excelent brands at 38m euros
British group Cadbury Schweppes, which took over local confectioner Kandia-Excelent, recorded 26 million pounds sterling (38 million euros) in intangible assets for the brands acquired throu...
PPF puts Ardaf up for sale
Ardaf, an insurance company that has encountered serious financial problems over the last few years, has been put up for sale by the Czech investment fund PPF Investments, which took over th...
Credit crunch puts pressure on TAROM
Sorin Georgescu, executive vice-president of marketing & sales at TAROM, believes that traffic on the leisure travel segment will witness declines because of the credit crunch, which will le...